SNP SHORT DESCENDING TRIANGLE + INSIDE BAR + STRUCTURE
1. Price is at the descending triangle resistance line
2. Structural Resistance and price is not able to surge through
3. Inside bar break down on the 4 hourly time frame.
4. Good RR of 2.68.
5. Volume on the latest rally is small compared to the sell off.
*Bullish big long green candles do pose some risk. Enter small position first.
2. Structural Resistance and price is not able to surge through
3. Inside bar break down on the 4 hourly time frame.
4. Good RR of 2.68.
5. Volume on the latest rally is small compared to the sell off.
*Bullish big long green candles do pose some risk. Enter small position first.
Note
AB=CD completion as well
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.